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Friday, November 10, 2006 10:10:08 AM
Considering how many times people on RB and IHUB complained to the SEC about some of the things Grifco has done, imagine how many other complaints SEC gets about pinksheet companies. I would bet at least 80% - 90% of the pinksheet companies generate complaints. Add to that the complaints they receive about OTCBB, AMEX, and NYSE companies. Logistically, SEC doesn't have time or the resources to engage in all the complaints. They probably get hundreds of thousands of complaints a year.
SEC has to choose their battles. They probably just go after the high profile, high dollar companies than to bother with micro-cap compaines that fall below a material Market Cap and is largely unregulated by its trading platform.
Also, I think there are some Aritifical (business) Intelligence programs built into their Database that sorts and flags complaints that they deem priority. It is extremely unlikely that Grifco would fit into the criteria they consider material. That's why SEC has a statement on their site about Pinksheet that basicall says 'buy at your own risk' - caveat emptor. As long as Grifco behaves like a typical Pinksheet company they will not get harassed by the SEC.
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